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BACIC INFORMATION: Scarcity is the basic economic problem when you have unlimited wants, but limited resources. It also means that society has insufficient productive resources to fulfill all human wants; therefore not all goals of society can be achieved at the same time. If something is not desired, then it is not scarce. *Scarcity involves choice (also know as opportunity cost)* Some examples of Scarcity include: · strawberries (at certain times of the year) · water in certain parts of Africa · jobs, especially in this declining economy
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Explanation:
The main idea of the article is this: “We tend to view water as almost an inexhaustible resource, but it's not.”(Warner) Water scarcity is seen all throughout the world, especially in Africa. Due to its scarcity, inhabitants are forced to drink the unclean water, which causes many diseases and deaths every year. And, women would walk, on average 6 kilometers (3.7 miles) each day collecting water.
Unclean water: Clean water (from well):
BACIC INFORMATION:
Scarcity is the basic economic problem when you have unlimited wants, but limited resources. It also means that society has insufficient productive resources to fulfill all human wants; therefore not all goals of society can be achieved at the same time. If something is not desired, then it is not scarce.
*Scarcity involves choice (also know as opportunity cost)*
Some examples of Scarcity include:
· strawberries (at certain times of the year)
· water in certain parts of Africa
· jobs, especially in this declining economy